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20130225
20130225
Search Results 0 to 7 of about 8 (some duplicates have been removed)
? >> pentagon is talking about having less aircraft carrier presence. the foreign-policy establishment could see some of its dollars cut. foreign aid is never the favorite thing of the congress. some of those accounts could be pressured. a lot of these cuts ordered by sequestration are essentially dumb. they are acrsooss the board. certain things are exempt. ibo who run these cabinet departments often lack the authority just -- people who run these cabinet departments often lack the authority did say we are going -- authority to say we are going to keep this or that. us toes it hard for represent ourselves as a model that ought to be in related by others -- to be emulated by others. >> what do you hear when you talk to leaders around the world, not just about sequestration -- what are people saying to you? .> all those things america's inability to tackle its deficit and debt. able shake their heads. at the end of the day, -- people shake their heads. because at the end of the day, they are dependent on the united states. the united states controls the reserve currency, the dollar. a lot of thes
. virginia, where the pentagon is, big navy installations, the republican governor is going to be suffering if the sequester goes in to effect. i was in utah last week. the government is the single largest employer including an air force base in the middle of utah with $1.2 billion in payroll per year and the governors of the red states are complaining about this pretty quickly. >> well, dan, first i want to ask you as a "newsweek" ambassador to explain the cover. will an asteroid destroy the earth? >> try to keep all the bases covered. >> yes or no there. >> wow. way to bury the lead. i can't believe we're talking about sequester when they're breaking that story. >> if you think the budget cuts are going to be severe wait until you see that. >> wait until the asteroid hits. >> big tease, dan. i want to ask about obama's strategy. recently over the weekend to sort of demagogue this hysteria. maybe he knows the asteroid is coming. forgetting the untruths of navy ships and criminals running wild in the streets because of the cuts, let's talk just about the impact of that kind of going back to
discussing a deal to fun operations through to september. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make purchases. that's the subject for kelly in barcelona at the world mobile congress. do you have to use your spanish down there or you're okay, kelly? >> si, senior. i've been using a lot of spanish here, ross. right now, i'm joined by ed mcglaughlin from mastercard. ed, i haven't been speaking spanish with you necessarily. >> no. >> but we have been talking about the language of payments. and it does seem as though we're moving from, as you've said, a cash list to a credit card list society. what exactly is mastercard doing here? >> well, what we're announcing today is what we call master pass. everything starts becom
spending and half is on nondefense spending, so it's about $46 billion in cuts hitting the pentagon. about the athena marketing discretionary instead be an 8.5 to 9% across-the-board cut for every agency of the government with some exceptions. the entitlement spending on medicare, social security is largely spared to the skies. >> it is a quick review of how the idea they sequester came about. >> this has become like watching 10 lower at this point of how this happened. bob woodward at the post has been putting forward findings in a very pronounced way lately. according to woodward, the idea originally came from jack lu. in the 1980s they used a similar proposal as an enforcement trigger. the idea that these cuts is a researcher crony and you'd come up with a smarter way to do it, to come to a deal on how to do a better way. jack lu, if they're trying to come to an agreement, rather than use the debt ceiling increase as an enforcement trigger, they have to go through that again before the election. how about these sequestration with automatic across-the-board cuts and they had to convince
, a cut in naval forces. at $3 billion cut in the military's health care system. the pentagon could be restructuring contracts. what do you want to say about those areas? guest: training is of cuts where only units preparing to deploy or other places -- these are the ones that will be training. everyone else, primarily in the air force and the navy, their planes will be grounded because it will not have the money they would use to do the training. it will be shifted into the war accounts to pay for afghanistan. stuff like tricare, i believe you mentioned, that is more like the benefits for care and being seen by doctors and whatnot. >> there are lots of voices in washington. what should we know about the defensive area? guest: there are two sides. there is the side that says we need to cut federal spending and the defense needs to take a roll. a lot of them would agree with that. the problem is, we're halfway done with the year and they have not been preparing for this. they will up to squeeze this into a six-month period. if it is fully implemented, it will have an impact. 2014, if
Search Results 0 to 7 of about 8 (some duplicates have been removed)